Filed under: International markets, Forecasts, Competitive strategy, General Motors (GM), Marketing and advertising, Toyota Motor Corp. (TM)

This morning, Toyota Motor Corp. (NYSE: TM) posted a rise of 6% for its global group sales to a total of 9.37 million vehicles last year. The company’s results put increased pressure on General Motors Corp. (NYSE: GM) for the title of the world’s largest automaker.

General Motor hasn’t announced yet its annual sales results, but analysts expect the company show 2007 sales of 9.3 million vehicles. As we can see, the sales numbers suggest a tight race in the company’s fight for the biggest automaker in global sales.

The recent surge in oil prices helped Toyota to increase sales of its more fuel efficient cars, such as the Camry sedan and the Prius gas-electric hybrid models. General Motors has been able to keep the top industry spot for the past 76 years.

Continue reading Toyota (TM) keeps strong competition with GM

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This entry was posted on Thursday, January 10th, 2008 at 10:08 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.